A closed-end fund is a mutual fund in which shares issue...

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A closed-end fund is a mutual fund in which shares issue just when fund is

A. organized

B. unorganized

C. copied

D. random behaviour showing

Answer: Option A

Solution (By Examveda Team)

A closed-end fund is a mutual fund in which shares issue just when fund is organized. A closed-end fund (CEF) or closed-ended fund is a collective investment model based on issuing a fixed number of shares which are not redeemable from the fund.

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